|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||2.5|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Specialized Knowledge - Specialized Knowledge for Course Id 890
This course covers valuations ranging from businesses, bonds, preferred stock and common stock to real estate. Business valuation is essentially a present value concept that involves estimating future cash flows of a business and discounting them at a required rate of return. The value of a bond is essentially the present value of all future interest and principal payments. Stock price may be expressed as a function of the expected future dividends and a rate of return required by investors. The Gordon's valuation model reflects this process. Real estate valuation involved several rule-of-thumb valuation methods.
|Usage Rank :||0|
|Prerequisites :||Basic Accounting and Math|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||23-Nov-2015|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 890
|Keywords :||Specialized Knowledge and Applications, Valuations, Businesses, Securities, Real, Estate, 2015, cpe, cpa, online course|
|Learning Objectives :||
2. Identify various business valuation methods and the different variables used for valuation purposes.
2. Identify the determinants of the price-earnings ratio and the definition of beta values.
3. Recognize other pragmatic valuation approaches and valuation methods for an income producing property.
|Course Contents :||
Chapter 1: Corporate Valuations
Steps in Valuation
Step 1: Analyze Historical Performance
Step 2: Project Future Performance
Step 3: Estimate the Rate of Capitalization Rate
Step 4: Estimate Valuation
Step 5: Compute and Interpret Results
Revenue Ruling 59 - 60
Chapter 1 Review Questions
Chapter 2: Security and Real Estate Valuation
How to Value a Security
How to Value Bonds
How to Value Common Stock
How to Forecast Stock Price: A Pragmatic Approach
What Are The Determinants Of The Price-Earnings Ratio?
Chapter 2 Review Questions Section 1
How to Read Beta
What Does It Mean When a Firm's Stock Sells on a High or Low P/E Ratio?
What Other Pragmatic Approaches Exist?
The Price-Sales (P/S) Ratio
The Price-Dividends (P/D) Ratio
The Price-Book (P/B) Ratio
What Is The Bottom Line?
How Do You Value An Income Producing Property?
Chapter 2 Review Questions Section 2